What changes on 19/07/2016

The text in force from 18/01/2015 compared with the text from 19/07/2016, which includes the changes made by Regulation (EU) 2016/1014.

Read the act as of 19/07/2016 · other versions: 28/06/2023 · 09/01/2024 · 09/07/2024 · 01/01/2025 · 29/06/2025 · 01/01/2026 · 26/06/2026 · 01/01/2027

Part I › Title I

• amended Article 4 - Definitions

Part I › Title II › Chapter 2 › Section 1

• amended Article 15 - Derogation from the application of own funds requirements on a consolidated basis for groups of investment firms

Part I › Title II › Chapter 2 › Section 3

• amended Article 19 - Entities excluded from the scope of prudential consolidation

Part II › Title I › Chapter 2 › Section 1

• amended Article 27 - Capital instruments of mutuals, cooperative societies, savings institutions or similar institutions in Common Equity Tier 1 items
• amended Article 28 - Common Equity Tier 1 instruments

Part II › Title I › Chapter 2 › Section 3 › Subsection 1

• amended Article 36 - Deductions from Common Equity Tier 1 items
• amended Article 42 - Deduction of holdings of own Common Equity Tier 1 instruments
• amended Article 45 - Deduction of holdings of Common Equity Tier 1 instruments of financial sector entities
• amended Article 46 - Deduction of holdings of Common Equity Tier 1 instruments where an institution does not have a significant investment in a financial sector entity

Part II › Title I › Chapter 2 › Section 3 › Subsection 2

• amended Article 48 - Threshold exemptions from deduction from Common Equity Tier 1 items
• amended Article 49 - Requirement for deduction where consolidation, supplementary supervision or institutional protection schemes are applied

Part II › Title I › Chapter 3 › Section 1

• amended Article 52 - Additional Tier 1 instruments
• amended Article 54 - Write down or conversion of Additional Tier 1 instruments

Part II › Title I › Chapter 3 › Section 2

• amended Article 56 - Deductions from Additional Tier 1 items
• amended Article 57 - Deductions of holdings of own Additional Tier 1 instruments
• amended Article 59 - Deduction of holdings of Additional Tier 1 instruments of financial sector entities
• amended Article 60 - Deduction of holdings of Additional Tier 1 instruments where an institution does not have a significant investment in a financial sector entity

Part II › Title I › Chapter 4 › Section 1

• amended Article 63 - Tier 2 instruments

Part II › Title I › Chapter 4 › Section 2

• amended Article 67 - Deductions of holdings of own Tier 2 instruments
• amended Article 69 - Deduction of holdings of Tier 2 instruments of financial sector entities
• amended Article 70 - Deduction of Tier 2 instruments where an institution does not have a significant investment in a relevant entity

Part II › Title I › Chapter 6

• amended Article 78 - Supervisory permission for reducing own funds

Part II › Title II

• amended Article 81 - Minority interests that qualify for inclusion in consolidated Common Equity Tier 1 capital
• amended Article 82 - Qualifying Additional Tier 1, Tier 1, Tier 2 capital and qualifying own funds
• amended Article 84 - Minority interests included in consolidated Common Equity Tier 1 capital
• amended Article 85 - Qualifying Tier 1 instruments included in consolidated Tier 1 capital
• amended Article 87 - Qualifying own funds included in consolidated own funds

Part II › Title III

• amended Article 89 - Risk weighting and prohibition of qualifying holdings outside the financial sector

Part III › Title I › Chapter 1 › Section 1

• amended Article 92 - Own funds requirements
• amended Article 93 - Initial capital requirement on going concern

Part III › Title I › Chapter 1 › Section 2

• amended Article 96 - Own funds requirements for investment firms which hold initial capital as laid down in Article 28(2) of Directive 2013/36/EU

Part III › Title I › Chapter 3

• amended Article 103 - Management of the trading book
• amended Article 104 - Inclusion in the trading book

Part III › Title II › Chapter 2 › Section 2

• amended Article 119 - Exposures to institutions
• amended Article 129 - Exposures in the form of covered bonds
• amended Article 132 - Exposures in the form of units or shares in CIUs

Part III › Title II › Chapter 3 › Section 1

• amended Article 142 - Definitions
• amended Article 147 - Methodology to assign exposures to exposure classes
• amended Article 150 - Conditions for permanent partial use

Part III › Title II › Chapter 3 › Section 2 › Subsection 1

• amended Article 152 - Treatment of exposures in the form of units or shares in CIUs

Part III › Title II › Chapter 3 › Section 2 › Subsection 2

• amended Article 153 - Risk-weighted exposure amounts for exposures to corporates, institutions and central governments and central banks
• amended Article 154 - Risk-weighted exposure amounts for retail exposures
• amended Article 156 - Risk-weighted exposure amounts for other non credit-obligation assets

Part III › Title II › Chapter 3 › Section 4 › Subsection 1

• amended Article 162 - Maturity

Part III › Title II › Chapter 3 › Section 6 › Subsection 1

• amended Article 172 - Assignment of exposures

Part III › Title II › Chapter 3 › Section 6 › Subsection 2

• amended Article 180 - Requirements specific to PD estimation

Part III › Title II › Chapter 4 › Section 2 › Subsection 1

• amended Article 198 - Additional eligibility of collateral under the Financial Collateral Comprehensive Method
• amended Article 199 - Additional eligibility for collateral under the IRB Approach

Part III › Title II › Chapter 4 › Section 2 › Subsection 2

• amended Article 201 - Eligibility of protection providers under all approaches

Part III › Title II › Chapter 4 › Section 3 › Subsection 1

• amended Article 207 - Requirements for financial collateral
• amended Article 210 - Requirements for other physical collateral

Part III › Title II › Chapter 4 › Section 3 › Subsection 2

• amended Article 213 - Requirements common to guarantees and credit derivatives
• amended Article 215 - Additional requirements for guarantees
• amended Article 216 - Additional requirements for credit derivatives
• amended Article 217 - Requirements to qualify for the treatment set out in Article 153(3)

Part III › Title II › Chapter 4 › Section 4 › Subsection 1

• amended Article 220 - Using the Supervisory Volatility Adjustments Approach or the Own Estimates Volatility Adjustments Approach for master netting agreements
• amended Article 221 - Using the internal models approach for master netting agreements
• amended Article 225 - Own estimates of volatility adjustments under the Financial Collateral Comprehensive Method

Part III › Title II › Chapter 5 › Section 2

• amended Article 243 - Traditional securitisation
• amended Article 244 - Synthetic securitisation

Part III › Title II › Chapter 5 › Section 3 › Subsection 2

• amended Article 250 - Treatment of maturity mismatches in synthetic securitisations

Part III › Title II › Chapter 5 › Section 3 › Subsection 4

• amended Article 259 - Hierarchy of methods

Part III › Title II › Chapter 5 › Section 4

• amended Article 268 - Requirements to be met by the credit assessments of ECAIs

Part III › Title II › Chapter 6 › Section 1

• amended Article 272 - Definitions

Part III › Title II › Chapter 6 › Section 5

• amended Article 280 - Calculation of risk positions
• amended Article 282 - Hedging sets

Part III › Title II › Chapter 6 › Section 6

• amended Article 284 - Exposure value
• amended Article 285 - Exposure value for netting sets subject to a margin agreement

Part III › Title II › Chapter 6 › Section 7

• amended Article 296 - Recognition of contractual netting agreements
• amended Article 298 - Effects of recognition of netting as risk-reducing

Part III › Title II › Chapter 6 › Section 8

• amended Article 299 - Items in the trading book

Part III › Title II › Chapter 6 › Section 9

• amended Article 308 - Own funds requirements for pre-funded contributions to the default fund of a QCCP

Part III › Title III › Chapter 2

• amended Article 316 - Relevant indicator

Part III › Title IV › Chapter 2 › Section 1

• amended Article 331 - Interest rate risk on derivative instruments

Part III › Title IV › Chapter 2 › Section 2 › Subsection 1

• amended Article 336 - Own funds requirement for non-securitisation debt instruments
• amended Article 338 - Own funds requirement for the correlation trading portfolio

Part III › Title IV › Chapter 2 › Section 5

• amended Article 346 - Allowance for hedges by credit derivatives

Part III › Title IV › Chapter 2 › Section 6

• amended Article 349 - General criteria for CIUs

Part III › Title IV › Chapter 5 › Section 1

• amended Article 364 - Own funds requirements when using internal models

Part III › Title IV › Chapter 5 › Section 5

• amended Article 377 - Requirements for an internal model for correlation trading

Part III › Title VI

• amended Article 383 - Advanced method

Part IV

• amended Article 395 - Limits to large exposures
• amended Article 402 - Exposures arising from mortgage lending

Part VI › Title I

• amended Article 411 - Definitions

Part VI › Title II

• amended Article 416 - Reporting on liquid assets
• amended Article 417 - Operational requirements for holdings of liquid assets
• amended Article 422 - Outflows on other liabilities
• amended Article 425 - Inflows

Part VI › Title III

• amended Article 427 - Items providing stable funding
• amended Article 428 - Items requiring stable funding

Part VII

• amended Article 429 - Calculation of the leverage ratio

Part VIII › Title II

• amended Article 436 - Scope of application
• amended Article 437 - Own funds
• amended Article 438 - Capital requirements
• amended Article 442 - Credit risk adjustments
• amended Article 443 - Unencumbered assets
• amended Article 449 - Exposure to securitisation positions
• amended Article 450 - Remuneration policy

Part VIII › Title III

• amended Article 452 - Use of the IRB Approach to credit risk
• amended Article 455 - Use of Internal Market Risk Models

Part IX

• amended Article 458 - Macroprudential or systemic risk identified at the level of a Member State
• amended Article 464 - European Banking Committee

Part X › Title I › Chapter 1 › Section 3 › Subsection 1

• amended Article 473 - Introduction of amendments to IAS 19

Part X › Title I › Chapter 4

• amended Article 493 - Transitional provisions for large exposures
• amended Article 498 - Exemption for Commodities dealers
• amended Article 500 - Transitional provisions — Basel I floor
• amended Article 501 - Capital requirements deduction for credit risk on exposures to SMEs

Part X › Title II

• amended Article 509 - Liquidity requirements
• amended Article 511 - Leverage

Part X › Title III

• amended Article 520 - Amendment of Regulation (EU) No 648/2012

Outside any heading

• amended Recital 1
• amended Recital 2
• amended Recital 3
• amended Recital 4
• amended Recital 5
• amended Recital 6
• amended Recital 7
• amended Recital 8
• amended Recital 9
• amended Recital 10
• amended Recital 11
• amended Recital 12
• amended Recital 13
• amended Recital 14
• amended Recital 15
• amended Recital 16
• amended Recital 17
• amended Recital 18
• amended Recital 19
• amended Recital 20
• amended Recital 21
• amended Recital 22
• amended Recital 23
• amended Recital 24
• amended Recital 25
• amended Recital 26
• amended Recital 27
• amended Recital 28
• amended Recital 29
• amended Recital 30
• amended Recital 31
• amended Recital 32
• amended Recital 33
• amended Recital 34
• amended Recital 35
• amended Recital 36
• amended Recital 37
• amended Recital 38
• amended Recital 39
• amended Recital 40
• amended Recital 41
• amended Recital 42
• amended Recital 43
• amended Recital 44
• amended Recital 45
• amended Recital 46
• amended Recital 47
• amended Recital 48
• amended Recital 49
• amended Recital 50
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• amended Recital 53
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• amended Recital 55
• amended Recital 56
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• amended Recital 58
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• amended Recital 60
• amended Recital 61
• amended Recital 62
• amended Recital 63
• amended Recital 64
• amended Recital 65
• amended Recital 66
• amended Recital 67
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• amended Recital 70
• amended Recital 71
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• amended Recital 75
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• amended Recital 77
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• amended Recital 101
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• amended Recital 133
• amended Recital 134
• amended Recital 135
• amended Recital 136
• amended Preamble